Common use of Leasehold Mortgage Clause in Contracts

Leasehold Mortgage. A “Leasehold Mortgage” is a mortgage, deed of trust, or other security instrument, including, without limitation, an assignment of the rents, issues and profits, which has been approved by County in accordance with Article 15 and constitutes a lien on the Leasehold Estate and on any Improvements, including any modification or extension of the Leasehold Estate. 2

Leasehold Mortgage. A “Leasehold Mortgage” is a mortgage, deed of trust, or other security instrument, including, without limitation, an assignment of the rents, issues and profits, which has been approved by County in accordance with Article 15 and constitutes a lien on the Leasehold Estate and on any Improvements, including any modification or extension of the Leasehold Estate. 2.